The Rectangle is just one piece of the puzzle. See the full technical breakdown.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Bullish continuation pattern.
Reversal pattern. Price likely to break downwards.
Bullish continuation if preceding move was up.
Gradual reversal from bearish to bullish.
Market participants tracking Sempra should note the latest formation. Price has moved to $92.98 (-0.49%) amidst recent volatility. Price action has carved out a classic Bullish Flag. The trend indicator is reading 0.3/100, suggesting moderate momentum. A potential breakout level is identified at $96.02, targeting $105.56 with support near $89.4 (R:R 1.44).
What is your outlook on SRE?